Magazine December 31, 2018, Issue

Dat’s Capital

Former Federal Reserve Chair Alan Greenspan speaks at a Brookings Institution forum on “Achieving Strong Economic Growth” in Washington, D.C., April 8, 2015. (Yuri Gripas/Reuters)
Capitalism in America: A History, by Alan Greenspan and Adrian Wooldridge (Penguin, 496 pages, $35)

With 29-year-old “democratic socialist” and imminent congresswoman Alexandria Ocasio-Cortez widely seen as the harbinger of a future that, with luck, I may be too aged to see through to Caracas, Capitalism in America may come to be regarded as an obituary as much as a history. Not that its two authors, Adrian Wooldridge, political editor of The Economist — a magazine now closer to Davos liberalism than to the classical kind — and Alan Greenspan, who needs no introduction, would see it that way. Capitalism in America is a celebration — some of it should be read to music, Sousa,

In This Issue



Books, Arts & Manners




Readers weigh in on Allen C. Guelzo’s “The Great War’s Great Price” and Kevin D. Williamson’s “Pillars of Fire.”
The Week

The Week

The worst part about getting coal in your stocking isn’t the indignity; it’s the notice of violation from the EPA.
The Long View

Holiday Revisions

From “Baby, It’s Cold Outside,” words and music by Frank Loesser, with revisions and amendments by the women’s-studies department at Bard College...


“Though slave to him I plan to kill, From here on in I mean to do the things I will...”


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